LSV Asset Management Sells 54,990 Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM)

LSV Asset Management reduced its position in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 11.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 440,149 shares of the savings and loans company's stock after selling 54,990 shares during the period. LSV Asset Management owned 1.12% of Dime Community Bancshares worth $13,528,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Dime Community Bancshares by 10.3% in the 4th quarter. Vanguard Group Inc. now owns 2,739,614 shares of the savings and loans company's stock worth $84,202,000 after buying an additional 256,466 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Dime Community Bancshares during the 4th quarter valued at $39,073,000. Geode Capital Management LLC raised its stake in shares of Dime Community Bancshares by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 902,619 shares of the savings and loans company's stock worth $27,748,000 after purchasing an additional 42,610 shares during the period. American Century Companies Inc. boosted its holdings in shares of Dime Community Bancshares by 5.5% in the 4th quarter. American Century Companies Inc. now owns 759,241 shares of the savings and loans company's stock worth $23,335,000 after buying an additional 39,686 shares during the last quarter. Finally, Stieven Capital Advisors L.P. grew its position in Dime Community Bancshares by 86.3% during the fourth quarter. Stieven Capital Advisors L.P. now owns 620,155 shares of the savings and loans company's stock valued at $19,060,000 after buying an additional 287,195 shares during the period. 75.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on DCOM. Piper Sandler raised shares of Dime Community Bancshares from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $36.00 to $38.00 in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods dropped their price objective on Dime Community Bancshares from $42.00 to $41.00 and set an "outperform" rating on the stock in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $38.50.

Dime Community Bancshares Stock Performance

Shares of NASDAQ DCOM traded down $0.16 during midday trading on Friday, hitting $25.21. The company's stock had a trading volume of 255,392 shares, compared to its average volume of 259,749. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 42.73 and a beta of 0.96. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.69. The stock has a fifty day moving average price of $28.21 and a 200 day moving average price of $30.69. Dime Community Bancshares, Inc. has a one year low of $17.49 and a one year high of $37.60.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last posted its earnings results on Thursday, January 23rd. The savings and loans company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). Dime Community Bancshares had a return on equity of 5.43% and a net margin of 4.50%. On average, research analysts forecast that Dime Community Bancshares, Inc. will post 3.06 EPS for the current fiscal year.

Dime Community Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 17th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date is Thursday, April 17th. Dime Community Bancshares's payout ratio is presently 169.49%.

Insider Activity

In other Dime Community Bancshares news, Director Basswood Capital Management, L sold 9,815 shares of the company's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $31.20, for a total value of $306,228.00. Following the transaction, the director now directly owns 37,147 shares in the company, valued at $1,158,986.40. This represents a 20.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Raymond A. Nielsen sold 3,000 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $31.25, for a total value of $93,750.00. Following the transaction, the director now directly owns 41,185 shares of the company's stock, valued at $1,287,031.25. The trade was a 6.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have purchased a total of 1,729 shares of company stock worth $48,021 over the last ninety days. Company insiders own 9.10% of the company's stock.

Dime Community Bancshares Profile

Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that engages in the provision of various commercial banking and financial services. The company accepts time, savings, and demand deposits from the businesses, consumers, and local municipalities. It also offers commercial real estate loans; multi-family mortgage loans; residential mortgage loans; letters of credit; secured and unsecured commercial and consumer loans; lines of credit; home equity loans; and construction and land loans.